EP Wealth Advisors LLC Purchases New Position in Cincinnati Financial Corporation $CINF

EP Wealth Advisors LLC bought a new position in shares of Cincinnati Financial Corporation (NASDAQ:CINF - Free Report) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 1,842 shares of the insurance provider's stock, valued at approximately $272,000.

Several other large investors have also bought and sold shares of the stock. Spire Wealth Management grew its holdings in Cincinnati Financial by 77.6% during the first quarter. Spire Wealth Management now owns 174 shares of the insurance provider's stock valued at $26,000 after purchasing an additional 76 shares during the period. Meeder Asset Management Inc. purchased a new position in Cincinnati Financial in the 1st quarter worth approximately $26,000. Alpine Bank Wealth Management bought a new stake in Cincinnati Financial in the 1st quarter worth approximately $30,000. Vermillion & White Wealth Management Group LLC bought a new stake in shares of Cincinnati Financial during the 1st quarter valued at $32,000. Finally, GoalVest Advisory LLC boosted its holdings in Cincinnati Financial by 65.4% in the 1st quarter. GoalVest Advisory LLC now owns 258 shares of the insurance provider's stock worth $38,000 after buying an additional 102 shares during the period. 65.24% of the stock is owned by institutional investors.

Cincinnati Financial Stock Performance

Shares of NASDAQ CINF traded up $0.86 during trading hours on Friday, reaching $157.62. The stock had a trading volume of 133,743 shares, compared to its average volume of 663,022. The business's fifty day moving average is $151.00 and its two-hundred day moving average is $145.95. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.29 and a quick ratio of 0.29. The company has a market cap of $24.65 billion, a price-to-earnings ratio of 13.67, a PEG ratio of 7.45 and a beta of 0.72. Cincinnati Financial Corporation has a twelve month low of $123.01 and a twelve month high of $161.74.

Cincinnati Financial (NASDAQ:CINF - Get Free Report) last posted its quarterly earnings results on Monday, July 28th. The insurance provider reported $1.97 earnings per share for the quarter, beating analysts' consensus estimates of $1.39 by $0.58. The firm had revenue of $2.48 billion during the quarter, compared to the consensus estimate of $2.80 billion. Cincinnati Financial had a return on equity of 7.14% and a net margin of 15.59%.The business's revenue was up 15.5% compared to the same quarter last year. During the same period last year, the company earned $1.29 earnings per share. As a group, research analysts expect that Cincinnati Financial Corporation will post 5.36 EPS for the current year.

Cincinnati Financial Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Monday, September 22nd will be issued a $0.87 dividend. This represents a $3.48 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date of this dividend is Monday, September 22nd. Cincinnati Financial's dividend payout ratio (DPR) is presently 30.18%.

Wall Street Analysts Forecast Growth

CINF has been the subject of several recent research reports. Keefe, Bruyette & Woods raised their target price on shares of Cincinnati Financial from $167.00 to $168.00 and gave the stock an "outperform" rating in a report on Tuesday, August 5th. Roth Capital upped their price target on shares of Cincinnati Financial from $160.00 to $175.00 and gave the company a "buy" rating in a research report on Tuesday, July 29th. Four analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, Cincinnati Financial has a consensus rating of "Moderate Buy" and a consensus price target of $159.40.

Cincinnati Financial Profile

Cincinnati Financial Corporation, together with its subsidiaries, provides property casualty insurance products in the United States. It operates through five segments: Commercial Lines Insurance, Personal Lines Insurance, Excess and Surplus Lines Insurance, Life Insurance, and Investments. The Commercial Lines Insurance segment offers coverage for commercial casualty, commercial property, commercial auto, and workers' compensation.